Ford Still Losing Billions on EVs, but Not All Is Lost
For the full year of 2024, Ford posted a net income of $5.9 billion on adjusted earnings of $10.2 billion. Its electric vehicle business, however, lost $5.1 billion, even worse than its loss of $4.7 billion the year prior. It expects to lose even more, $5.5 billion, on EVs in 2025.
Ford’s EV losses hit billions in 2024, is the worst yet to come?
Ford managed to beat Wall Street’s expectations for the fourth quarter of 2024, posting $48.2 billion in revenue, up $2.2 billion year-over-year. Gains from its gas-powered vehicle sales helped offset net losses from an unprofitable EV business.
After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this ...
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Ford Motor Co. is forecasting weaker earnings growth for this year and further losses in its electric vehicles business as it ...
"Customers have shown that they will not pay any premium for these large EVs," Farley said in an earnings call.
Ford said on Wednesday the president of its gasoline vehicles business, Andrew Frick, would take on the additional role of ...
Ford Motor named Marin Gjaja as chief strategy officer, part of a broader leadership change.Gjaja joined the automotive ...
“For larger retail, electric utilities, the economics are unresolvable,” Farley said. “These customers have very demanding ...
The 2025 Mustang Mach-E still offers a choice between a 70-kWh Standard Range and a 91-kWh Extended Range battery, with ...
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The move to put 10% additional tariffs on imports from China will affect a small number of U.S. vehicles, but increased costs ...
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